Choice Equity Broking IPO report on Five Star Business Finance
Five-Star Business Finance Ltd. (FBFL) is an NBFC-ND-SI providing secured business loans to micro-entrepreneurs and self-employed individuals. As of Jun’22’, AUM stood at Rs5,297 cr which grew at a CAGR of ~48% from FY18. Total issue size stood at Rs1,960 cr which is purely offer for sale.
Valuation and Outlook
Considering the business profile of the company, intense competition and mounting risk around micro finance sector, we assign ‘Subscribe with Caution’ rating to the issue.
For all IPO report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
